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ankoles [38]
3 years ago
5

With a(n) _______, the full amount of the loan is received when the contract is signed, but only the interest is paid over the l

ife of the loan. The principal is then paid on the date that the loan is due.
retirement loan

balloon loan

line of credit

installment loan
Business
1 answer:
Vikentia [17]3 years ago
6 0

Answer: Balloon Loan

A balloon loan is a type of loan where the final payment is usually much larger than the payment preceding it.  

In a balloon loan, the entire loan amount is given to the borrower as soon as the loan is approved and the contract is signed.

The interest falls due and is paid during the life of the loan.  

The principal however, is paid as a balloon payment on the final day of the life of the loan.


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C. Sleeping in late and waking up early.

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Two or more events are said to be mutually exclusive if and only if they can't happen at the same time.

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You sleep early to wake early and you sleep late to wake late.

4. Going to work and riding the bus.

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